chapter  14
15 Pages

The trend of accounting reform in China: issues and environment

WithM. C. Ren, D. Alexander, M. Kedslie

ECONOMIC ENVIRONMENT The most significant factor in accounting reform has been the economic reform which has taken place in China over the past fifteen years and which is still in a transitional stage. Economic reform will inevitably lead to accounting reform as the latter attempts to adapt to a fast changing socio-economic environment in which a centrally planned economy has been transformed into a socialist market economy.